Mappedin, a leading platform for indoor spatial data management and digital mapping experiences, has announced that it has raised $8.6 million in a recent Series A funding round led by Channel Equity Partners.
The Ontario-based company, founded in 2011, offers a suite of indoor mapping and positioning services, including wayfinding, turn-by-turn directions, mapping SDKs, and indoor location information. Mappedin’s services enable retailers and REITs to digitize their venues and deliver a best-in-class indoor mapping experience to their customers through a digital path.
The funds raised in the Series A funding round will be used to further develop Mappedin’s indoor spatial data management platform and expand the company’s services into new markets. Mappedin’s CEO, Hongwei Liu, expressed his excitement about the investment, stating that “this funding will help us accelerate our mission to bring digital mapping experiences to world-class venues across the globe.”
The Series A funding round marks a significant milestone for Mappedin, which has grown steadily since its founding in 2011. The company’s indoor mapping services are used by leading retailers, REITs, and other businesses around the world, and the company has established a reputation for delivering innovative solutions in the indoor mapping and positioning space.
According to Channel Equity Partners, Mappedin’s Series A funding round reflects the growing demand for indoor mapping and location-based services in a range of industries, including retail, commercial real estate, and hospitality. The investment firm sees Mappedin as a leader in this space, and expects the company to continue to grow and innovate in the years ahead.
With the backing of Channel Equity Partners and other investors, Mappedin is well-positioned to continue expanding its services and delivering best-in-class indoor mapping experiences to businesses and customers around the world.